USDCHF price is currently back at the daily range highs where the price could find resistance. Looking to the 4hr timeframe we can see the price forming a double top pattern and if the price breaks through the lows of the pattern we expect to see a move lower.
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In today’s #marketinsights video recording, I talk about trade war uncertainty and Trump's impeachment and how has safe-haven Franc reacted to the latest headlines! I also talk about Canada's poor GDP figures, a bit more certain given the numerical value, and analyse USDCAD's rise. With Fed flows still weighing on markets, #NFP hours ahead and #ISM closing the...
In this video update, we take a look at USDCHF and the potential for the market to continue lower if the price can retrace to the resistance zone. We will then watch for bearish price action for a short opportunity. We also take a look at how we use the Fibonacci retracement tool in our trading for added confluence.